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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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IRAN: Presidential Election Confirmed For 28 June
The snap presidential election, which follows the death of incumbent Ebrahim Raisi in a helicopter crash, will take place on 28 June according to semi-official domestic news outlet Tasnim. Iranian presidential elections are a two-stage affair. A candidate is required to win an abosolute majority in the first round. If this is not achieved the two candidates receiving the most votes go through to a run-off the following Friday (in this case that would be 5 July).
- The registration period for candidates opens on 30 May. In order to get onto the ballot, prospective candidates must be approved by the 12-member Guardian Council, formed by clerics and jurists (lawyers).
- As Bloomberg reports, "Many Iran analysts have said it’s likely the clerical establishment and Supreme Leader Ayatollah Ali Khamenei will want a president similar to Raisi, an ultraconservative cleric deeply distrusting of the US and Israel. In recent elections, the Guardian Council’s made it difficult for reformists to stand."
- The coming weeks could see some political unrest or power struggles. It remains unclear whether Raisi's death will unleash a power struggle for both the presidency, but also the future position of Supreme Leader given that Raisi was seen as a strong contender to eventually take over from Khamenei.
- Alternatively, given the position of the Supreme Leader as the real power within the Iranian political system, the transition to a new hardline conservative president could prove relatively smooth.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.